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1,952 hedge funds and large institutions have $38.1B invested in 3M in 2023 Q1 according to their latest regulatory filings, with 134 funds opening new positions, 748 increasing their positions, 814 reducing their positions, and 221 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% less repeat investments, than reductions

Existing positions increased: 748 | Existing positions reduced: 814

1.04% less ownership

Funds ownership: 79.8%78.77% (-1%)

6% less funds holding

Funds holding: 2,0841,952 (-132)

12% less call options, than puts

Call options by funds: $886M | Put options by funds: $1B

16% less capital invested

Capital invested by funds: $45.3B → $38.1B (-$7.25B)

17% less funds holding in top 10

Funds holding in top 10: 2319 (-4)

39% less first-time investments, than exits

New positions opened: 134 | Existing positions closed: 221

Holders
1,952
Holders Change
-132
Holders Change %
-6.33%
% of All Funds
31.11%
Holding in Top 10
19
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-17.39%
% of All Funds
0.3%
New
134
Increased
748
Reduced
814
Closed
221
Calls
$886M
Puts
$1B
Net Calls
-$119M
Net Calls Change
-$187M
Name Holding Trade Value Shares
Change
Change in
Stake
PGAM
1626
Princeton Global Asset Management
New Jersey
$225K +$283 +3 +0.1%
PA
1627
Perennial Advisors
New York
$224K -$10.4K -110 -4%
SHGA
1628
Sand Hill Global Advisors
California
$223K +$240K +2,540 New
CWM
1629
Compass Wealth Management
Connecticut
$223K -$62.5K -663 -21%
JAG
1630
Journey Advisory Group
Kentucky
$222K -$98.4K -1,043 -29%
HIG
1631
Heritage Investment Group
Florida
$222K +$12.5K +133 +6%
SWM
1632
Sculati Wealth Management
Michigan
$221K
EW
1633
Element Wealth
Mississippi
$221K +$10.9K +116 +5%
NAM
1634
NorthCrest Asset Manangement
Minnesota
$220K +$237K +2,509 New
RBFC
1635
Roman Butler Fullerton & Co
Missouri
$220K +$238K +2,525 New
CF
1636
Cantor Fitzgerald
New York
$220K
WIA
1637
Westbourne Investment Advisors
Maryland
$220K
CA
1638
Carson Advisory
Georgia
$220K -$22.3K -236 -9%
CRIG
1639
Charter Research & Investment Group
Connecticut
$219K -$8.49K -90 -3%
KFS
1640
Kurt F. Somerville
$219K -$38.6K -409 -14%
AWAU
1641
Alliance Wealth Advisors (Utah)
Utah
$219K +$14.6K +155 +7%
THL
1642
Tillman Hartley LLC
Colorado
$219K
IF
1643
Ironwood Financial
Arizona
$218K +$5.94K +63 +3%
CCP
1644
Carmel Capital Partners
California
$218K +$22.6K +240 +11%
ONST
1645
Old North State Trust
North Carolina
$217K
ITIM
1646
Indiana Trust & Investment Management
Indiana
$217K -$11.2K -119 -5%
OWA
1647
One Wealth Advisors
California
$217K +$233K +2,467 New
MW
1648
Marcum Wealth
Ohio
$217K -$86.6K -918 -27%
FW
1649
FirstPurpose Wealth
Utah
$216K +$9.15K +97 +4%
KF
1650
Krilogy Financial
Missouri
$216K +$232K +2,457 New

MMM Hedge Fund Activity: Q1 2023 in Review

1,952 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in 3M (MMM) for Q1 2023, worth a combined $38.1B — down 16% from $45.3B a quarter earlier.

Sellers outnumbered buyers: 221 funds closed out of MMM and 134 opened new positions — a net loss of 87 holders — while 814 trimmed existing stakes and 748 added.

The largest buyer was Vanguard Group, adding an estimated $165M. The largest seller was Massachusetts Financial Services, cutting an estimated $345M.

  • 1,952 institutional investors held 3M (MMM) as of Q1 2023, down from 2,084 in Q4 2022.
  • Funds reported $38.1B of 3M stock for Q1 2023, down 16% quarter-over-quarter.
  • 134 funds opened new 3M positions in Q1 2023 and 221 closed out, a net change of -87 holders.
  • The largest 3M buyer in Q1 2023 was Vanguard Group, an estimated $165M added.
  • The largest 3M seller in Q1 2023 was Massachusetts Financial Services, an estimated $345M sold.

Based on aggregated 13F filings for Q1 2023.